YES Bank's 15-20% credit growth outlook fails to impress investors days after profit nearly halves

YES Bank saw its net profit for the January to March 2023 quarter nearly halve to Rs 202 crore following a doubling of provisions during the period as against the same quarter last fiscal year. The company posted a miss on Q4 profit while announcing results on April 22 and, reacting to that, the share price declined more than 4 percent on Monday on BSE.